Oxfam and ally organisations are calling for a permanent tax on the profits of fossil fuel firms. Such a tax, says Ashfaq Khalfan, could raise $400bn in its first year, vital funds that could not only support those suffering climate loss and damage but also accelerate the switch to a green global economy.
Two drops of life: for me – and millions like me – aid has been a gamechanger
Anthony Kamande still remembers the aid-funded polio vaccine he received at his Kenyan school at the age of eight. As such transformational aid is abruptly pulled across Africa, local governments cannot plug the gap, he says – much as we would like them to. Without a turnaround in aid policies, much of the continent faces a bleak future of surging health inequalities and rising poverty.
Hope In The Shadows: A Call For Transformation
Extreme levels of inequality cast shadows over the lives of billions of the world’s poorest people. We must see the faces behind the statistics, says Oxfam GB’s Chief Impact Officer Aleema Shivji, and sound the alarm for change: to empower workers, break up monopolies and tax the ultra-rich. These are not mere “policy recommendations” – they are pathways to change for the lives of countless individuals.
We are closer to seeing the world’s first trillionaire than ending poverty: that’s why we need fair taxes now
Oxfam’s new Davos report highlights how our economic system funnels billions to billionaires while ordinary workers lose. A big part of the solution has to be new wealth and windfall taxes, including a European wealth tax, says Chiara Putaturo.
Think informal women workers don’t pay tax? Actually they pay more tax than Elon Musk…
The reality is that hundreds of millions of informal and unpaid women workers are paying way more than their fair share – while the super-rich avoid taxes with impunity. Alex Bush, Clare Coffey and Saleha Shah debunk some myths about tax and women’s informal work.
As hunger surges, here are three ways India can tackle its massive inequality
In our latest blog for Davos 2023, Amitabh Behar introduces the India supplement to Oxfam’s Davos report, which reveals how just 5% of Indians own more than 60% of the country’s wealth, while the bottom half of the population have 3%
Welcome to the era of ‘greedflation’
Corporations that dominate food and fuel markets have been using the war and pandemic as a smokescreen to bump up their prices much more than their costs. Oxfam’s Alex Maitland explains how increased corporate profits have driven at least half of inflation.
The super-rich pay lower taxes than you – and here’s how they do it…
How do the wealthy get away with paying a lower percentage of their income and wealth in taxes than ordinary people? A big part of the answer is that many of their fortune streams, from dividends to inheritance, are chronically undertaxed, says Chiara Putaturo in our latest blog for Davos 2023
Whether in Asia, Africa or North America, it’s been a profitable polycrisis for billionaires
Around the world it seems the pandemic and surging food and fuel prices have actually boosted the wealth of the super-rich, even as they pushed hundreds of millions of ordinary people into misery and penury, says Anthony Kamande in our second blog for Davos 2023
Taxation of the super-rich has collapsed: as one in eight people go to bed hungry, that simply has to change
When even millionaires are pleading to be taxed so governments can tackle our colliding global crises, we can see there’s something rotten in the state of economic policy. Max Lawson introduces Oxfam’s 2023 Davos report, ‘Survival of the Richest: How we must tax the super-rich now to fight inequality’